MF were net sellers in these stocks in January 2022
Last Updated: 14th December 2022 - 02:39 pm
January 2022 has been quite a volatile month for the equity market. Nifty 50 made large swings in the month and traded between 17100 and 18350.
January 2022 saw an increase in volatility in the equity market and Nifty VIX touched 23 and even Nifty 50 saw wide gyrations. Despite such volatility, SIP inflows remained robust and were above Rs 11,000 crore. During the said month, the domestic mutual fund industry saw redemption worth Rs 18,346.45 crore from equity dedicated mutual funds compared to Rs 17,722.45 crore that we saw in the month of December 2021.
Analysis of the data shows that fund managers are lightening their position from the energy sector and technology sector including some of the recently listed companies. Shares from the PSU basket from the energy sector were at the receiving end, as it was the most offloaded sector by mutual fund managers in January 2022. Out of the top ten stocks where MFs are net sellers, two are from the energy sector.
Top 10 Companies Among Large-Cap Where MFs were Net Sellers in January 2022
Stock Name |
Sector |
Net Qty Sold |
Approx. Sell Value(In Rs. cr) * |
Oil & Natural Gas Corporation Ltd. |
Energy |
65150021 |
1026.1 |
Bharti Airtel Ltd. |
Media and Communications |
12521140 |
884.69 |
Tata Consultancy Services Ltd. |
Technology |
1719575 |
642.66 |
Hindalco Industries Ltd. |
Metals |
12720533 |
613.51 |
Maruti Suzuki India Ltd. |
Automobile and Ancillaries |
655055 |
524.82 |
Bharat Petroleum Corporation Ltd. |
Energy |
13369189 |
523.07 |
Zomato Ltd. |
Technology |
44911818 |
511.55 |
Motherson Sumi Systems Ltd. |
Automobile and Ancillaries |
24173729 |
486.86 |
Pidilite Industries Ltd. |
Chemicals |
1912808 |
470.48 |
Tata Consumer Products Ltd. |
FMCG |
6167701 |
453.56 |
There is no clear trend among mid-cap stocks. Mutual fund managers sold shares from different sectors and there was no trend as such in their selling style. Nevertheless, there were two companies from the technology sector.
Top 10 Companies Among Mid-Cap Where MFs were Net sellers in January 2022
Stock Name |
Sector |
Net Qty Sold |
Approx. Sell Value(In Rs. cr) * |
Deepak Nitrite Ltd. |
Chemicals |
1369687 |
323.36 |
Steel Authority Of India Ltd. |
Metals |
29182505 |
300.07 |
Voltas Ltd. |
Consumer Durables |
2132128 |
256.12 |
AU Small Finance Bank Ltd. |
Financials |
1859671 |
218.14 |
Colgate-Palmolive (India) Ltd. |
FMCG |
1351908 |
196.42 |
NMDC Ltd. |
Energy |
13156743 |
179.1 |
Aurobindo Pharma Ltd. |
Healthcare |
2529620 |
173.13 |
Tata Elxsi Ltd. |
Technology |
250056 |
168.48 |
REC Ltd. |
Financials |
11431205 |
155.72 |
Oracle Financial Services Software Ltd. |
Technology |
352165 |
131.65 |
Top 10 Companies Among Small-Cap Where MFs were Net Sellers in January 2022
Stock Name |
Sector |
Net Qty Sold |
Approx. Sell Value(In Rs. cr) * |
KPIT Technologies Ltd. |
Technology |
2942228 |
185.24 |
Vardhman Textiles Ltd. |
Textile |
624191 |
147.38 |
Glenmark Pharmaceuticals Ltd. |
Healthcare |
2550151 |
129.43 |
CESC Ltd. |
Energy |
13699178 |
117.95 |
Chambal Fertilisers and Chemicals Ltd. |
Chemicals |
2738940 |
113.29 |
Granules India Ltd. |
Healthcare |
2919301 |
93.46 |
Amara Raja Batteries Ltd. |
Automobile and Ancillaries |
1432324 |
89.97 |
KEI Industries Ltd. |
Capital Goods |
795086 |
89.22 |
Affle (India) Ltd. |
Media and Communications |
727491 |
88.67 |
PVR Ltd. |
Media and Communications |
606556 |
87.55 |
Even in small-cap stocks there was selling from diversified sectors and we could not see any selling pattern of mutual fund managers, also we don't see any direct correlation between mutual fund managers selling the stock and their returns. For example, Chambal Fertilisers and Chemicals remained one of the best performers in small cap stocks despite MF remaining net seller in the stock.
Also read: NXTDigital demerger has a value unlocking with a 20% gain in share price today!
Trending on 5paisa
Discover more of what matters to you.
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.